Weak Australian economic growth hits dollar
- Australia’s economic growth is only 0.3% for the September quarter, indicating a slowdown towards recession, according to the Australian Bureau of Statistics .
- The annual growth rate is 0.8% since September 2023, the slowest since 2020, as reported by the ABS.
- High interest rates largely reflect Australia’s slow GDP growth and contribute to the decline in average Australians' standard of living, which is termed a per capita recession.
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Total News Sources0
Leaning Left2Leaning Right2Center2Last UpdatedBias Distribution33% Left, 33% Center, 33% Right
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Center
L 33%
C 34%
R 33%
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